Georgia clears its debt to neighboring countries

Tbilisi has fully settled its state debt to Moscow, Baku, and Yerevan. The total amount owed to these countries was approximately $6 million.

According to a statistical report from Georgia's Ministry of Finance, Georgia has completely repaid its debts to Russia, Armenia, and Azerbaijan.

A report from the ministry, published at the end of the summer, shows a dash (indicating a zero balance) in the column for Russia. Previously, Tbilisi's financial obligations to Moscow had remained at around $4 million for several months.

Tbilisi had been consistently reducing its debt to Moscow. A year ago, Georgia's debt to Russia amounted to $11.6 million.

The Georgian government has also settled its accounts with its other neighbors, Armenia and Azerbaijan, paying just under $1 million to each country.

It is worth noting that Georgia's total state debt exceeds $9 billion. Its largest financial obligations are to France, amounting to $850 million.